Unclaimed Mutual Funds - This Tool Helps You Find Them

Think you’ve lost track of some mutual fund investments? You’re not alone—and luckily, you can now use smart tools to rediscover them and take charge of your finances again.

1. Why Mutual Funds Go “Missing”

It’s more common than you think.

Many investors have purchased mutual funds over the years—sometimes via agents, offline channels, or even as part of a tax-saving plan. Over time, due to changes in address, phone numbers, email IDs, or bank accounts, these folios go quiet.

Here are a few reasons your investments might have gone missing:

• You stopped transacting in them for 10+ years

• Your KYC (Know Your Customer) details are outdated

• You moved cities and forgot to update contact details

• A family member (parent/spouse) invested but never told you

• The folio was never converted to a consolidated view (like CAMS/KFinTech)

• Dividend/interest cheques went unclaimed

These aren’t lost forever. They're just sitting idle, waiting to be rediscovered.

2. Introducing MITRA: Mutual Fund Investment Tracing & Retrieval Assistant

To help investors locate their forgotten investments, the mutual fund industry has launched a digital self-service platform called MITRA. It’s supported by the top Registrar & Transfer Agents (RTAs) like CAMS and KFintech.

What it helps you do:
✅ Discover forgotten or unclaimed folios linked to your PAN or contact details
✅ Claim inactive investments from deceased family members (with documents)
✅ Update KYC quickly to bring dormant accounts back into action
✅ Avoid the hassle of visiting multiple AMCs or submitting forms

MITRA is safe, regulated, and absolutely free to use.

3. How MITRA Works – Simple Steps for Smart Results

Using MITRA is as easy as shopping online:

1. Visit the MITRA platform (via your AMC or RTA website)

2. Enter your PAN number and mobile number

3. Validate using OTP

4. MITRA scans for inactive or unclaimed folios across mutual funds where your details match

5. If it finds any, it displays a list and asks you to update KYC (if needed)

6. Submit minimal documents online to reclaim access

That's it! You’re now back in control of your lost mutual fund investments.

4. The Silent Cost of Ignorance

Why should you act?

• You could be missing out on returns, dividends, or bonuses

• Your family members might not even know these assets exist

• Old mutual funds might have appreciated in value significantly

• Unclaimed money could get transferred to investor protection funds if not acted upon

In short, your money deserves better than to be forgotten.

5. Real-Life Use Cases

Here are a few examples of how MITRA is helping:

• A daughter traced ₹4.2 lakhs worth of investments made by her late father

• A retired couple found two old folios from 2007 that had grown to over ₹3 lakhs

These stories are increasingly common—and all it takes is a 5-minute search.

Final Takeaway: Don’t Leave Money on the Table

Whether it’s your own past investments, your parents', or a forgotten ELSS, MITRA ensures nothing slips through the cracks.

If you liked the timely update, do revert back with your feedback. If you want me to address any specific topic or query, do write to me.

Big wealth is created with increased investment, regular monitoring and timely execution.

Thanks,

Tejas Lakhani
Chartered Accountant
Fincare Services